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1. SEE EN MIN RUTH

2. VARCHEL HO ZI XIONG

3. YEOH TIAN HUAI

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Simple interest and show formula to calculate simple interest.

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1. FAITH NAOMI LIM JUN EN

2. CALLUM LIM WEI JIE

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Why does the Singapore Government introduce tax rebates and tax reliefs? Who will benefit from these measures?

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Tax reliefs reduce the tax burden for individuals and businesses while encouraging positive behaviours like caregiving, skill development, and innovation. Individuals benefit from reliefs like CPF contributions, Working Mother’s Child Relief, and Parent Relief, while businesses enjoy schemes like the Startup Tax Exemption and R&D incentives. These measures support families, promote economic growth, and foster social responsibility.

Tax rebates are one-time reductions in tax payable, typically granted by the government to provide financial relief or stimulate the economy. They apply after tax liabilities are calculated and directly reduce the amount of tax owed. These can benefit families, businesses and individuals.

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Questions about Government Service Taxation

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Questions about Government Service Taxation

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C. E MATH Assignment 01E – Taxation, Utilities Bill, Others: Q3 and Q5

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C. E MATH Assignment 01E – Taxation, Utilities Bill, Others: Q3 and Q5

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Water Conservation Tax is 50%, based on 2024 PUB instructions

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C. Assignment 01A – Percentage, Profit and Loss: Q3 and Q9

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C. Assignment 01A – Percentage, Profit and Loss: Q3 and Q9

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1. LIM JIA HE (LIN JIAHE)

2. NATHAN QUEK YI KHENG

3. LIM KAI JUN

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Define the following:

1. Gross Income

The total income earned by an individual or business before any deductions such as taxes, allowances, or expenses. It includes wages, salaries, bonuses, rental income, business profits, and other sources of income.

2. Assessable Income

Gross income that is subject to taxation after accounting for allowable expenses and deductions but before applying any reliefs or rebates. It is the basis on which income tax is calculated.

3. Reliefs

Allowances/deductions provided by tax authorities to reduce taxable income. Reliefs are typically granted for specific purposes, such as personal, family, or employment-related expenses, and they aim to lower the overall tax burden.

4. Rebates

Tax refunds/reductions applied after calculating the tax payable. Rebates may be provided as an incentive or relief to taxpayers under specific conditions, such as tax credits for certain expenditures or special status.

Why is the chargeable income tiered eg first $3k, next $1k etc and why not a flat rate for all income?

To ensure that the tax does not over burden any payers involved and appears more reasonable to tax payers

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1. TAN YI KAI ISAAC

2. JOEN FOO XUN HAO

3. JANELLE LEE JIA YEN (LI JIAYAN)

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Compound interest and show formula to calculate Compound Interest. How it is connected to Binomial Theorem?

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1. KENT NG KEN CHONG (HUANG JIANCONG)

2. ANG LIANG TZE (WANG LIANGZI)

3. ONG YU SUAN ASHLEIGH

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1. MUHAMMAD AAREEZ EESHAN BIN MUHAMMAD FAIZAL

2. TEO BUE MENG (ZHANG BEIMING)

3. TOK KONG YEW (ZHUO KANGYOU)

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1. JAYDEN LIM JUN YANG

2. GOH ZONG DA, BRYAN

3. JUSTIN ANG WEN JIE (HONG WENJIE)

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1. IVANKA

2. CHAN SI YEUI (CHEN SIRUI)

3. ETHAN TAN EN YU

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Define the following:

1. Gross Income

2. Assessable Income

3. Reliefs

4. Rebates

Why is the chargeable income tiered eg first $3k, next $1k etc and why not a flat rate for all income?

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Discount and show formula to calculate discount.

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What is an Exchange Rate? What are the factors that will affect the exchange rate? Who determines the exchange rate of Singapore?

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What is an Exchange Rate? How do you interpret the table, e.g. Buy or Sell, and from whose perspective?

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What is Hire Purchase? What is the main difference between a zero down payment and a non-zero down payment? Is it beneficial to any party?

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B. Exchange Rate: Graphical conversion: example 24

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B. Exchange Rate: Graphical conversion: example 24

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C. Assignment 01A – Percentage, Profit and Loss: Q8 and Q11

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C. Assignment 01A – Percentage, Profit and Loss: Q8 and Q11

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C. E MATH Assignment 01B – Simple and Compound Interest: Q12 and Q13

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C. E MATH Assignment 01B – Simple and Compound Interest: Q12 and Q13

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C. E MATH Assignment 01C – Hire Purchase: Q4 and Q8

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C. E MATH Assignment 01C – Hire Purchase: Q4 and Q8

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C. E MATH Assignment 01E – Taxation, Utilities Bill, Others: Q6 and Q7

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C. E MATH Assignment 01E – Taxation, Utilities Bill, Others: Q6 and Q7

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C. E MATH Assignment 01D – Currency Exchange: Q3 and Q6

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C. E MATH Assignment 01D – Currency Exchange: Q3 and Q6

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C. E MATH Assignment 01B – Simple and Compound Interest: Q6 and Q16

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C. E MATH Assignment 01B – Simple and Compound Interest: Q6 and Q16

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C. Simple and Compound Interest: Q6 and Q16

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C. Simple and Compound Interest: Q6 and Q16